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Fly News Breaks for November 5, 2015
WFM
Nov 5, 2015 | 08:02 EDT
Longbow lowered Whole Foods' price target to $22 from $27 following another "ugly" quarter. Analyst Alton Stump believes Whole Foods could miss expectations again in the December quarter and is concerned recent performance of pressured margins due to price-cutting without a noticeable lift to same-store comps will continue over the next 12 months, pressuring shares further. Stump rates Whole Foods an Underperform.
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